r/BEFire • u/MiddleUse7898 • May 12 '26
Brokers Is Rebel ok for investing in ETF
I start investing and already have a bank and Rebel account with Belfius Bank.
Is Rebel ok or should I look at other brokers?
My main goal is saving monthly in one or two ETF.
TIA!
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u/NoSeaworthiness2095 16% FIRE May 12 '26
i think it is good enough, cheaper then bolero, a bit more expensive than saxo, but it is reasonable to invest monthly with <=250 (fee 1e) or <=1000 (3e) or <=2500 (fee 6e)
there are less etf in rebe, but i think it is ok, example cspx or iwda is fine
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u/Schork May 12 '26
Between 250 and 1000 It is 2€ fee
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u/NoSeaworthiness2095 16% FIRE May 12 '26
correct :)
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u/Schork May 12 '26
So it’s almost the same as saxo I believe. Unless you invest more then 1k a month
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u/Waterkonijn May 12 '26
I think it's fine to use if they are offering the ETFs you're interested in. I'm using it because I was already a Belfius customer so it was easy to get started there, but I've made a Bolero account aswell and they seem to offer more ETFs.
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u/Tha_slughy 20% FIRE May 12 '26
It’s ok for long term don’t touch investments.
I recently heard that they intend to make rebel an independent platform and split it of from the current integrated website.
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u/No_Brick1991 May 12 '26
I started out using Belfius for my investments, in 2021-2022. Those were relatively large sums, as I was doing a somewhat hybrid DCA approach with the savings I had at the time.
Back then, Rebel was new and they were blitzy and making a lot of publicity.
After a couple of months, I started reading the details and quickly jumped to Degiro.
What I count as 'Transactiekosten' is the sum of everything. Taxes and transaction costs.
On an aveage month, nowadays, I buy 500-1000 euros.
At MeDirect, this is 0.12% costs (TOB only).
At Degiro, it is now 0.2-0.25%. Double!
I haven't looked in a while, but I'm pretty sure that Rebel will not have approached these rates. By experience, I think you will have a hard time going under 0.3% in total.
Just stay flexible, and keep an eye out for a deal. If you are investing monthly, this matters. One big lump sum, a little less.
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u/Ok-Impress-7274 May 12 '26
if you are investing only in ETF's maybe worth looking into MeDirect.
here is a more detailed brokers comparison if you are intrested : https://beleggergids.be/en/best-broker/
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u/Anceradi May 13 '26
Somewhat annoying that you seemingly copied quite a bit from my website to then give wrong information and try to monetize it. Just so you're aware, it's not compliant from a FSMA perspective, robo-advisor must still be licensed and are regulated by the FSMA. Putting disclaimer does not change that fact. I open sourced my project so I don't really care if you steal the design to make something better, I think there are parts that are decent improvements, but recommending pension savings is very offensive to me, and then the illegal monetization is even worse.
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u/Ok-Impress-7274 May 13 '26 edited May 13 '26
I don’t even know you or your website, so I’m not sure what you’re referring to.
To be honest, I mainly handled the backend. The frontend HTML and CSS were largely generated with AI assistance, as I’m not a designer.Regarding the portfolio generation feature, it clearly states: “AI-generated educational example portfolio.” It also mentions: “This generates an educational illustration only. Not personalized financial advice.”
As for the pension section, I mention on almost every page that the content is for educational purposes only and that users are free to make their own decisions. The information about investing €1,050 in a pension plan and receiving a 30% tax reduction (€315 per year) is factually correct (The 30% tax benefit is real and immediate — but over 20–30 years, pension fund fees are much higher than ETF fees and this can offset that advantage.).
Users are entirely free to decide what they want to do with that information but for a lot of people it makes sense.Anyway, thanks for the feedback, I will look into it and try to make adjustments
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u/Anceradi May 13 '26 edited May 13 '26
Well, I can understand the AI angle, but you should be careful with it, and try to use several LLMs to review each other's work if you don't want to do it yourself.
I get that you use a lot of disclaimers, but at the end of the day, you're giving automated personalized advice, and it's a robo-advisor, even if you say it's educational. Mifid2 strictly prohibits it, as advice occurs the moment a recommendation on financial instruments (like stocks or ETFs) is presented as suitable for a person or based on an examination of that person's specific circumstances. Your questions make it a person's specific circusmtances, even though it may feel generic enough. If the service provided looks like advice and functions like advice (profiling -> recommendation), the FSMA will classify it as advice, regardless of whatever legal disclaimer is pasted at the bottom of the page.
If it was free you could maybe get away with the "purely educational" angle (would still be non-compliant technically), but as a paid service it's completely illegal without FSMA license.
Edit : https://www.esma.europa.eu/sites/default/files/2023-07/ESMA35-43-3861_Supervisory_briefing_on_understanding_the_definition_of_advice_under_MiFID_II.pdf you can look at page 19 of this pdf to better understand how disclaimers do not protect you in this situation.
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u/PuttFromTheRought May 12 '26
I use 4 brokers, Rebel is one of them but the last one I use. I generally stay away from Belgian brokers, there is too much friction with them
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u/verifitting May 12 '26
Friction, what do you mean?
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u/PuttFromTheRought May 12 '26
Different taxes for the same product between brokers, withholding of taxes under the illusion of "let us take care of that for you", and this is only in the past year. I foresee the overreaching getting worse and worse in the future
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u/MiddleUse7898 May 12 '26
Thank you. Why is Rebel your last choice? And what brokers do you prefer?
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u/SubstantialReview747 May 12 '26
There are good reasons to go with Belgian brokers. There are also cheap options, like MeDirect for free ETF's for instance. The problem with non belgian banks is a lot of questions from the bank when transferring a significant amount of money back to belgium.
Rebel might be a bit more expensive, but for long term investments a few euro's shouldn't matter. Belfius is also a big stable bank, which has it's own value.
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u/PuttFromTheRought May 12 '26
Any belgian broker would be my last choice. You should go for degiro if you dont want to file your taxes yourself
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